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LGI Homes, Inc., et al. – ‘S-3ASR’ on 8/24/18 – ‘EX-12.1’

On:  Friday, 8/24/18, at 4:45pm ET   ·   Effective:  8/24/18   ·   Accession #:  1140361-18-36926   ·   File #s:  333-227012, -01, -02, -03, -04, -05, -06, -07, -08, -09, -10, -11, -12, -13, -14, -15, -16, -17, -18, -19, -20, -21, -22, -23, -24, -25, -26, -27, -28, -29, -30, -31, -32

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  As Of                Filer                Filing    For·On·As Docs:Size              Issuer               Agent

 8/24/18  LGI Homes, Inc.                   S-3ASR      8/24/18   88:6.1M                                   Broadridge Fin’l So… Inc
          LGI Homes-Texas, LLC
          LGI Homes-AZ Construction, LLC
          LGI Homes-ESan Antonio, LLC
          LGI Homes-Arizona, LLC
          LGI Homes-Florida, LLC
          LGI Homes-Georgia, LLC
          LGI Crowley Land Partners, LLC
          LGI Homes Corporate, LLC
          LGI Homes Services, LLC
          LGI Homes AZ Sales, LLC
          LGI Homes - New Mexico, LLC
          LGI Homes NM Construction, LLC
          LGI HOMES-Colorado, LLC
          LGI Homes-NC, LLC
          LGI Homes-SC, LLC
          LGI Homes-Washington, LLC
          Riverchase Estate Partners, LLC
          Luckey Ranch Partners, LLC
          LGI Homes-Tennessee, LLC
          LGI Homes Group, LLC
          LGI Homes - Oklahoma, LLC
          LGI Homes - Alabama, LLC
          LGI Homes - Minnesota, LLC
          LGI Homes - Oregon, LLC
          LGI Homes - Nevada, LLC
          LGI Living, LLC
          LGI Homes - California, LLC
          LGI Homes - Maryland, LLC
          LGI Homes - Virginia, LLC
          LGI Homes - West Virginia, LLC
          LGI Homes - Wisconsin, LLC
          LGI Leasing, LLC

Automatic Shelf Registration Statement for Securities of a Well-Known Seasoned Issuer   —   Form S-3
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: S-3ASR      Automatic Shelf Registration Statement for          HTML    589K 
                          Securities of a Well-Known Seasoned                    
                          Issuer                                                 
12: EX-3.10     Articles of Incorporation/Organization or By-Laws   HTML     39K 
13: EX-3.11     Articles of Incorporation/Organization or By-Laws   HTML     46K 
14: EX-3.12     Articles of Incorporation/Organization or By-Laws   HTML     38K 
15: EX-3.13(A)  Articles of Incorporation/Organization or By-Laws   HTML     51K 
16: EX-3.13(B)  Articles of Incorporation/Organization or By-Laws   HTML     41K 
17: EX-3.14(A)  Articles of Incorporation/Organization or By-Laws   HTML     34K 
18: EX-3.14(B)  Articles of Incorporation/Organization or By-Laws   HTML     45K 
19: EX-3.15     Articles of Incorporation/Organization or By-Laws   HTML     47K 
20: EX-3.16     Articles of Incorporation/Organization or By-Laws   HTML     38K 
21: EX-3.17(A)  Articles of Incorporation/Organization or By-Laws   HTML     46K 
22: EX-3.17(B)  Articles of Incorporation/Organization or By-Laws   HTML     37K 
23: EX-3.17(C)  Articles of Incorporation/Organization or By-Laws   HTML     40K 
24: EX-3.18     Articles of Incorporation/Organization or By-Laws   HTML     38K 
25: EX-3.19(A)  Articles of Incorporation/Organization or By-Laws   HTML     40K 
26: EX-3.19(B)  Articles of Incorporation/Organization or By-Laws   HTML     38K 
27: EX-3.20     Articles of Incorporation/Organization or By-Laws   HTML     38K 
28: EX-3.21(A)  Articles of Incorporation/Organization or By-Laws   HTML     47K 
29: EX-3.21(B)  Articles of Incorporation/Organization or By-Laws   HTML     36K 
30: EX-3.22(A)  Articles of Incorporation/Organization or By-Laws   HTML     40K 
31: EX-3.22(B)  Articles of Incorporation/Organization or By-Laws   HTML     40K 
32: EX-3.23(A)  Articles of Incorporation/Organization or By-Laws   HTML     45K 
33: EX-3.23(B)  Articles of Incorporation/Organization or By-Laws   HTML     40K 
34: EX-3.24     Articles of Incorporation/Organization or By-Laws   HTML     36K 
35: EX-3.25     Articles of Incorporation/Organization or By-Laws   HTML     53K 
36: EX-3.26     Articles of Incorporation/Organization or By-Laws   HTML     36K 
37: EX-3.27     Articles of Incorporation/Organization or By-Laws   HTML     53K 
38: EX-3.28(A)  Articles of Incorporation/Organization or By-Laws   HTML     40K 
39: EX-3.28(B)  Articles of Incorporation/Organization or By-Laws   HTML     34K 
40: EX-3.29(A)  Articles of Incorporation/Organization or By-Laws   HTML     50K 
41: EX-3.29(B)  Articles of Incorporation/Organization or By-Laws   HTML     36K 
42: EX-3.29(C)  Articles of Incorporation/Organization or By-Laws   HTML     36K 
 2: EX-3.3      Articles of Incorporation/Organization or By-Laws   HTML     38K 
43: EX-3.30     Articles of Incorporation/Organization or By-Laws   HTML     50K 
44: EX-3.31     Articles of Incorporation/Organization or By-Laws   HTML     62K 
45: EX-3.32     Articles of Incorporation/Organization or By-Laws   HTML     58K 
46: EX-3.33     Articles of Incorporation/Organization or By-Laws   HTML     54K 
47: EX-3.34     Articles of Incorporation/Organization or By-Laws   HTML     48K 
48: EX-3.35(A)  Articles of Incorporation/Organization or By-Laws   HTML     47K 
49: EX-3.35(B)  Articles of Incorporation/Organization or By-Laws   HTML     39K 
50: EX-3.36     Articles of Incorporation/Organization or By-Laws   HTML     51K 
51: EX-3.37(A)  Articles of Incorporation/Organization or By-Laws   HTML     61K 
52: EX-3.37(B)  Articles of Incorporation/Organization or By-Laws   HTML     38K 
53: EX-3.38     Articles of Incorporation/Organization or By-Laws   HTML     52K 
54: EX-3.39(A)  Articles of Incorporation/Organization or By-Laws   HTML     70K 
55: EX-3.39(B)  Articles of Incorporation/Organization or By-Laws   HTML     36K 
 3: EX-3.4      Articles of Incorporation/Organization or By-Laws   HTML     42K 
56: EX-3.40(A)  Articles of Incorporation/Organization or By-Laws   HTML     37K 
57: EX-3.40(B)  Articles of Incorporation/Organization or By-Laws   HTML     35K 
58: EX-3.41(A)  Articles of Incorporation/Organization or By-Laws   HTML     46K 
59: EX-3.41(B)  Articles of Incorporation/Organization or By-Laws   HTML     38K 
60: EX-3.42     Articles of Incorporation/Organization or By-Laws   HTML     32K 
61: EX-3.43     Articles of Incorporation/Organization or By-Laws   HTML     44K 
62: EX-3.44     Articles of Incorporation/Organization or By-Laws   HTML     50K 
63: EX-3.45     Articles of Incorporation/Organization or By-Laws   HTML     44K 
64: EX-3.46     Articles of Incorporation/Organization or By-Laws   HTML     39K 
65: EX-3.47     Articles of Incorporation/Organization or By-Laws   HTML     43K 
66: EX-3.48     Articles of Incorporation/Organization or By-Laws   HTML     33K 
67: EX-3.49(A)  Articles of Incorporation/Organization or By-Laws   HTML     53K 
68: EX-3.49(B)  Articles of Incorporation/Organization or By-Laws   HTML     33K 
 4: EX-3.5      Articles of Incorporation/Organization or By-Laws   HTML     38K 
69: EX-3.50     Articles of Incorporation/Organization or By-Laws   HTML     32K 
70: EX-3.51     Articles of Incorporation/Organization or By-Laws   HTML     48K 
71: EX-3.52     Articles of Incorporation/Organization or By-Laws   HTML     56K 
72: EX-3.53     Articles of Incorporation/Organization or By-Laws   HTML     44K 
73: EX-3.54     Articles of Incorporation/Organization or By-Laws   HTML     44K 
74: EX-3.55     Articles of Incorporation/Organization or By-Laws   HTML     45K 
75: EX-3.56     Articles of Incorporation/Organization or By-Laws   HTML     39K 
76: EX-3.57     Articles of Incorporation/Organization or By-Laws   HTML     46K 
77: EX-3.58     Articles of Incorporation/Organization or By-Laws   HTML     47K 
78: EX-3.59     Articles of Incorporation/Organization or By-Laws   HTML     46K 
 5: EX-3.6(A)   Articles of Incorporation/Organization or By-Laws   HTML     45K 
 6: EX-3.6(B)   Articles of Incorporation/Organization or By-Laws   HTML     39K 
79: EX-3.60     Articles of Incorporation/Organization or By-Laws   HTML     76K 
80: EX-3.61     Articles of Incorporation/Organization or By-Laws   HTML     46K 
81: EX-3.62     Articles of Incorporation/Organization or By-Laws   HTML     38K 
82: EX-3.63     Articles of Incorporation/Organization or By-Laws   HTML     46K 
83: EX-3.64     Articles of Incorporation/Organization or By-Laws   HTML     56K 
84: EX-3.65     Articles of Incorporation/Organization or By-Laws   HTML     46K 
 7: EX-3.7(A)   Articles of Incorporation/Organization or By-Laws   HTML     39K 
 8: EX-3.7(B)   Articles of Incorporation/Organization or By-Laws   HTML     35K 
 9: EX-3.8      Articles of Incorporation/Organization or By-Laws   HTML     37K 
10: EX-3.9(A)   Articles of Incorporation/Organization or By-Laws   HTML     49K 
11: EX-3.9B     Articles of Incorporation/Organization or By-Laws   HTML     40K 
85: EX-5.1      Opinion re: Legality                                HTML     66K 
87: EX-23.1     Consent of Experts or Counsel                       HTML     30K 
88: EX-25.1     Statement re: Eligibility of Trustee -- Form T-1|2  HTML    152K 
86: EX-12.1     Statement re: Computation of Ratios                 HTML     54K 


EX-12.1   —   Statement re: Computation of Ratios


This Exhibit is an HTML Document rendered as filed.  [ Alternative Formats ]



 C: 

Exhibit 12.1
LGI Homes, Inc.
Computation of Ratio of Earnings to Total Fixed Charges
 
 
 
Six Months Ended
   
Year Ended December 31,
       
 
     
2017
   
2016
   
2015
   
2014
   
2013
 
Earnings available for fixed charges:
                                   
Net income before income taxes
 
$
93,897,792
   
$
171,402,114
   
$
113,672,204
   
$
80,279,533
   
$
43,079,065
   
$
22,803,327
 
Less: Income from unconsolidated joint ventures
   
     
     
     
     
     
(4,286,639
)
Add: Distributed equity income of affiliated companies
   
     
     
     
     
     
4,413,972
 
Add: Fixed charges
   
16,054,659
     
24,515,339
     
18,652,004
     
14,398,932
     
6,094,459
     
1,410,618
 
Add: Amortization of capitalized interest
   
10,900,304
     
17,399,555
     
10,680,566
     
6,057,470
     
1,703,806
     
1,104,876
 
Less: Capitalized interest
   
(15,980,019
)
   
(24,275,286
)
   
(18,456,650
)
   
(14,198,224
)
   
(6,026,238
)
   
(1,326,976
)
Less: (Income) loss attributable to non-controlling interests
   
     
     
     
     
     
589,818
 
Total earnings available for fixed charges
 
$
104,872,736
   
$
189,041,722
   
$
124,548,125
   
$
86,537,711
   
$
44,851,092
   
$
24,708,996
 
 
                                               
Fixed charges:
                                               
Interest expense
 
$
   
$
   
$
   
$
   
$
   
$
50,946
 
Capitalized interest (includes amortization of debt discount and debt issuance cost)
   
15,980,019
     
24,275,286
     
18,456,650
     
14,198,224
     
6,026,238
     
1,326,976
 
Portion of rental expense which represents interest factor
   
74,640
     
240,053
     
195,355
     
200,708
     
68,221
     
32,696
 
Total fixed charges
 
$
16,054,659
   
$
24,515,339
   
$
18,652,004
   
$
14,398,932
   
$
6,094,459
   
$
1,410,618
 
 
                                               
Ratio of earnings to fixed charges
   
6.5
x
   
7.7
x
   
6.7
x
   
6.0
x
   
7.4
x
   
17.5
x

 


Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘S-3ASR’ Filing    Date    Other Filings
Filed on / Effective on:8/24/18
6/30/1810-Q
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Filing Submission 0001140361-18-036926   –   Alternative Formats (Word / Rich Text, HTML, Plain Text, et al.)

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